The XAU/USD exchange rate has jumped to the 1,915.00 level.
From the one hand, it is likely that some upside potential could continue to prevail in the market. In this case the price for gold could target the psychological level at 1,930.00.
From the other hand, it is likely that a reversal south could occur in the nearest future. Note that the rate could gain support provided by the 55-, 100– and 200-hour SMAs in the 1,890.00 area.
